Question

Tanisha earns $3,000 per month

after taxes. She saves $720. What
percent of her budget is savings?

Answer 1

`{ \tt{\% savings = (savings)/(total \: income) * 100\%}} \\ \\ { \tt{ = (720)/(3000) * 100\%}} \\ \\ = { \tt{24\%}}`

Answer 2

24%

Explanation:

`\boxed{\sf Percent=\left((Value)/(Total\:value)\right) * 100}`

Given information:

• Value (savings) = $720
• Total value (earnings) = $3,000

Substitute the given values into the formula and solve for percent:

`\begin{aligned}\implies \textsf{Percent} & =(720)/(3000) * 100\\\\& = (720* 100)/(3000) \\\\& = (72000)/(3000) \\\\& = (72)/(3) \\\\& = 24\% \end{aligned}`

Therefore, 24% of Tanisha's budget is savings.